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budget deficit drop. the deficit fell to the lowest level in 5 years on record revenues and a slow down in government spending. facebook makes investors smile shares initially shot up more than a dollar after the close. the social media company's revenues rose to $2 billion topping ananalyst expecations. the company reports having 1.19 billion montnly active users. the stock later drifted lower on concerns about a decline among teen users trader andrew keene--president of keene on the market.com joins us this morning for closer look at the market's. andrew will we see any post fed reaction in the market yet today? > i think we saw a post reaction yesterday . if you looked at you know we were very strong in the morning. we keep climbing a little bit higher and higher on a day-to-day basis. then when the news came out, i think the thing that scare people was a possible taper in december was told. so then, we sold off the futures about 15 points . we did rally back from there and will close like right in the
budget deficit drop. the deficit fell to the lowest level in 5 years on record revenues and a slow down in government spending. facebook makes investors smile shares initially shot up more than a dollar after the close. the social media company's revenues rose to $2 billion topping ananalyst expecations. the company reports having 1.19 billion montnly active users. the stock later drifted lower on concerns about a decline among teen users trader andrew keene--president of keene on the...
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Nov 2, 2013
11/13
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we have had deficits at a trillion and a half dollars and continued with deficits of $100 billion. unique in the history of the world. this in spite of the fact that the government took in more revenue last year than ever before. there is also more to this than numbers on a page. today, more than 16 million americans, including 20% of all children, live in poverty. nearly 50 million of our americans live on $23,000 a year or less. to make mearts worse, life has become too painful and expensive for almost everyone. unprecedented labor force dropouts, ever increase -- increasing health care costs all result until many americans struggling just to get by. washington spends more and more and more and yet our problems get worse and worse and worse. taking more out of the pockets of hard working americans will not help. it is a recipe for economic pain. how do we begin to make government more effective and accountable? there is no question we must protect the vital services the government provides. we want to save and secure critical programs for our seniors like medicare, social securit
we have had deficits at a trillion and a half dollars and continued with deficits of $100 billion. unique in the history of the world. this in spite of the fact that the government took in more revenue last year than ever before. there is also more to this than numbers on a page. today, more than 16 million americans, including 20% of all children, live in poverty. nearly 50 million of our americans live on $23,000 a year or less. to make mearts worse, life has become too painful and expensive...
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Oct 31, 2013
10/13
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down, theloyment goes deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear. when you don't have a job, you don't pay taxes. when you don't have income, you're not paying payroll taxes and you are more likely to need government assistance. whammyyment is a double for the federal budget. to lower the deficit, we have to lower unemployment. advocates for deficit reduction want to cut benefits under medicare, medicaid, children's health insurance program, nutrition assistance, and other vital services -- they had nor the fact that when you cut shiftial benefits, you these necessities onto cedar citizens, parents -- senior citizens to my parents, and lower income people. the money shifts take from consumers that would otherwise be spent in other parts of the economy. cutting benefits cuts jobs. not the way to reduce the deficit. securing deficit reduction by cutting key investments in education, infrastructure, job training, and research and development would hinder economic growth in the short and long-term. economyto have a strong
down, theloyment goes deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear. when you don't have a job, you don't pay taxes. when you don't have income, you're not paying payroll taxes and you are more likely to need government assistance. whammyyment is a double for the federal budget. to lower the deficit, we have to lower unemployment. advocates for deficit reduction want to cut benefits under medicare, medicaid, children's health insurance...
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Oct 31, 2013
10/13
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CSPAN2
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when unemployment goes down, the deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear. when you don't have a job, you don't pay taxes. when you don't have income, you are not paying payroll taxes, and you're more likely to need government assistance. unemployment is a double whammy for a federal budget. to lower the deficit, we have to lower unemployment. advocates were expecting deficit reduction from the most vulnerable by cutting benefits under medicare, medicaid, children's health insurance program, nutrition assistance, and other vital services ignoring the fact you just shift costs on to senior citizens, parents, and low income hard working people. these cost shifts take money out of the pockets of consumers that would otherwise be spent in other parts of the economy. they help businesses grow and create jobs. cutting benefits cuts jobs. cutting jobs is not the way to reduce the deficit. securing deficit reduction by cutting key investments in education, pell grants, infrastructure, job training, and research and development hinders
when unemployment goes down, the deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear. when you don't have a job, you don't pay taxes. when you don't have income, you are not paying payroll taxes, and you're more likely to need government assistance. unemployment is a double whammy for a federal budget. to lower the deficit, we have to lower unemployment. advocates were expecting deficit reduction from the most vulnerable by cutting benefits under...
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Oct 31, 2013
10/13
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CNBC
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health care reform will not add one dime to our deficit. as i just noted, not only is it not adding to our deficit, it's actually reducing it. the reform we seek would bring $1.3 trillion in deficit redex ov reduction over the next two decades. >>> news alerts is sponsored by expedia. could save you fifteen percent or more on car insurance. mmmhmmm...everybody knows that. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. >>> welcome back. live to "the kudlow report." here's some of the top developing news stories on obama care tonight. it's possible that a year from now, that 156 million americans with employer health coverage, 93 million of them could be facing cancelations and forced on to the exchanges and medic d medicaid. more on that in just a moment. >>> we also have a major business angle to the obama care debacle. some major players in health insurance are opting out of the exch
health care reform will not add one dime to our deficit. as i just noted, not only is it not adding to our deficit, it's actually reducing it. the reform we seek would bring $1.3 trillion in deficit redex ov reduction over the next two decades. >>> news alerts is sponsored by expedia. could save you fifteen percent or more on car insurance. mmmhmmm...everybody knows that. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w......
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Nov 2, 2013
11/13
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KQEH
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larger deficits. you know, that is what it boils down to. and that's, you know, you cannot say that. i mean, i've talked to people in the administration, talked to people in congress, they go, "oh, i'll get killed if i say that." well, some of them got to say it because that happens to be true. >> do you believe it? >> absolutely. i mean, if you want to look at the economy in a very simple way, we'll just get rid of the import-export sector because for the u.s., this won't change the story. you've got households, you've got the government, you've got businesses. households tend to be net savers because people save for retirement and emergencies. businesses we like to think of businesses as being net borrowers because businesses invest and spend. and then therefore the notion is -- the reason that a lot of people are opposed to government running deficits is that they're afraid that the government will borrow and crowd out business investment. the fact is that businesses even in the last expansion under bush were net saving, which is -- so ba
larger deficits. you know, that is what it boils down to. and that's, you know, you cannot say that. i mean, i've talked to people in the administration, talked to people in congress, they go, "oh, i'll get killed if i say that." well, some of them got to say it because that happens to be true. >> do you believe it? >> absolutely. i mean, if you want to look at the economy in a very simple way, we'll just get rid of the import-export sector because for the u.s., this won't...
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Nov 2, 2013
11/13
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CSPAN
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we could do significant work to draw the deficit down. all of my comments have basically been about one thing. i do not a view finding compromise impossible, just doing our job. when i was governor, i had divided houses for two years and two republican years. always passed very different budgets. but we found compromise that kept our government open and kept us with a aaa bond rating, and other states do exactly the same. if bicameral state legislatures all over the united states can do this year in and year out, why can't we? we have not done a budget conference in many years. isn't this an embarrassment that we hear should resolve this behind us? our state legislators more -- are state legislators more talented or more public spirited than members of congress? that surprise people who say we can't do this. i know we can. >> fellow citizens, we cannot escape history. we of this congress and the administration will be remembered in spite of ourselves. those were the words of abraham tocoln in a memorandum congress on december 1, 1862, alm
we could do significant work to draw the deficit down. all of my comments have basically been about one thing. i do not a view finding compromise impossible, just doing our job. when i was governor, i had divided houses for two years and two republican years. always passed very different budgets. but we found compromise that kept our government open and kept us with a aaa bond rating, and other states do exactly the same. if bicameral state legislatures all over the united states can do this...
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reduction or you're not for deficit reduction. if you're for it, then revenue has to be on the table. that's the simple statement. >> ben stain, rein, revenue has on the table? >> you might as well say that because tax is $2.7 ga jillion dollars. there's no meaning to a number without saying the other side on the balance sheet. we need to raise taxes. you have to raise taxes. >> we have two big blocs in this country. one wants a lot of entitlement. one wants lower taxes. they have to be meet in the middle. there has to be cuts in entitlements, and there has to be higher taxes where you live. >> you have said in the past if you're not going to cut spending, then the only other solution is to raise taxes. what i'm wondering is the more we talk freely about voluntary tax hikes before we address entitlement reform or the big spending issues, we're never going to get around to the big spending issues. and there's a limit to how much you can tax people, isn't there? >> well, there's not much of a limit. we had tax rates of 91% during wo
reduction or you're not for deficit reduction. if you're for it, then revenue has to be on the table. that's the simple statement. >> ben stain, rein, revenue has on the table? >> you might as well say that because tax is $2.7 ga jillion dollars. there's no meaning to a number without saying the other side on the balance sheet. we need to raise taxes. you have to raise taxes. >> we have two big blocs in this country. one wants a lot of entitlement. one wants lower taxes. they...
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neil: the improvement of the deficit, coming off highs, but i can't dismiss the fact that any deficit adds to that debt, it is not going away, and seriously addressing it is not emerging, even with the early budget discussions, i don't see much structurally changing, i'm worried. >> yeah, well, a lot of people are worried when. obama came in there was $1.3 trillion debt, it is now $6 $60 -- >> who is saying good things about it? president, secretary of treasury and mick mcconnell, finally something that both parties can be excited about. they can take credit for. what is last time that happened in washington. neil: no, i would -- normally like the 500-pound guy who losing 50-pounds and said i'm do, i guess i can call it a day. i worry about that guy, we get too self satisfies, and too smug, both parties do this, they say, well we're doing okay, now we can put down our weapons. >> i don't think that -- democrats still want to increase taxes on people who benefitted the most in last regime, republicans' to cut spending willy-nilly. neil: no, i don't see a lot of spending ideas offered o
neil: the improvement of the deficit, coming off highs, but i can't dismiss the fact that any deficit adds to that debt, it is not going away, and seriously addressing it is not emerging, even with the early budget discussions, i don't see much structurally changing, i'm worried. >> yeah, well, a lot of people are worried when. obama came in there was $1.3 trillion debt, it is now $6 $60 -- >> who is saying good things about it? president, secretary of treasury and mick mcconnell,...
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Oct 29, 2013
10/13
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he had the deficit down. he taunt the deficit down. it was down to less than 3% of gdp which is a manageable level. it shot back up under george george h.w. bush and bush never brought the growth id yop the concept reagan brought. growth has deposit to be the key. there's enough growth you can deal with the deficit problem. that is the reagan lesson certainly lost by the people who look down on reagan in his term. but lost on a lot of people including cheney, i believe, who basically became cavalier about deficit. i don't think that's very smart. to take deficit as the focus is is also not smart. >> i would agree with that. taken out of context which they came in to a time of a deficit was significantly lower than it is today. and he was saying basically what reagan did. growth is the important thing. you know, years ago, milton took the position because of the nature of the two parties one promising the other things and the other -- that what the republicans ought to do or the conservatives ought to do. this is back in the 'out of and
he had the deficit down. he taunt the deficit down. it was down to less than 3% of gdp which is a manageable level. it shot back up under george george h.w. bush and bush never brought the growth id yop the concept reagan brought. growth has deposit to be the key. there's enough growth you can deal with the deficit problem. that is the reagan lesson certainly lost by the people who look down on reagan in his term. but lost on a lot of people including cheney, i believe, who basically became...
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Oct 30, 2013
10/13
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ALJAZAM
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a spur plus: now that's just one month and the deficit has not gone away but it helped narrow the deficit to just $680 billion. hey, don't laugh at that. that's the lowest since 2008, and it's a drop of 38% from the prior fiscal year. deficit spending widened during the recession, we know that. but it has since narrowed because of economic recovery, spending cuts and especially tax hikes because it took affect this year. bank of america said that the u.s. could file a civil lawsuit according to the wall street journal citing a regulatory filing. b. of a. losses could rise above $5 billion. big banks are facing a rash of legal action when the economy went south and the housing crash. >>> jennifer hudson, kathleen sebelius, and how the battle to save or kill obamacare is playing out to hollywood. we have that and more. keep it right here. >> kathleen sebelius faced tough questions over healthcare.gov , the glitchy website where millions of americans are supposed to buy coverage. they spent $118 million on the site and $56 million more on it support yet the system does not know how to give a
a spur plus: now that's just one month and the deficit has not gone away but it helped narrow the deficit to just $680 billion. hey, don't laugh at that. that's the lowest since 2008, and it's a drop of 38% from the prior fiscal year. deficit spending widened during the recession, we know that. but it has since narrowed because of economic recovery, spending cuts and especially tax hikes because it took affect this year. bank of america said that the u.s. could file a civil lawsuit according to...
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Oct 29, 2013
10/13
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we're talking about annual deficits quadrupling. if we let mandatory spending reach that point where it becomes 100% of the deficit, which is what they project, if we allow our national debt to reach two and a half times the entire size of our economy, it's about the size of our economy now. it's going to go up to two and a half times the size of our economy, it will be the next generation that will pay and pay dearly and our legacy will be one of bankruptcy, ct skyrocketing interest rates, skyrocketing unemployment rates and the collapse of these vital programs we talked about earlier, medicaid, medicare and social security. and again, this is not ideology. this is math. it's fact. it's fact that has been reiterated by the congressional budget office, the trustees of social security, the trustees of medicare, their trust funds time and time again. so this is our opportunity, mr. president, to do something about it. at least take the first steps, both in terms of ending government shutdowns as i have talked about but also this under
we're talking about annual deficits quadrupling. if we let mandatory spending reach that point where it becomes 100% of the deficit, which is what they project, if we allow our national debt to reach two and a half times the entire size of our economy, it's about the size of our economy now. it's going to go up to two and a half times the size of our economy, it will be the next generation that will pay and pay dearly and our legacy will be one of bankruptcy, ct skyrocketing interest rates,...
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Oct 31, 2013
10/13
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and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it's becoming more expensive and more difficult to do business in other parts of the world, our economy is becoming more competitive and more attractive. business leaders from around the world tell me all the time that there's no other place where they would rather do business. on my very first trip as treasury secretary, i visited a plant in georgia and saw firsthand american workers producing electronic equipment to be added to construction machinery for export to china. the plant is owned and operated by siemens, the german company, and it's one of 130 facilities they run throughout the united states. they've invested more than $125 million bel in the united states over the past decade and invests about $1 billion every year in research here. when asked about it, they said, america produces better than anyone. the heart of our ability to pr
and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it's becoming more expensive and more difficult to do business in other parts of the world, our economy is becoming more competitive and more attractive. business leaders from around the world tell me all the time that there's no other place where they would rather do business....
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Oct 28, 2013
10/13
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FBC
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agree, we need to move forward and we need to look at what's best for this country and getting our deficit under control. so, we'll set those common principals and move forward. >> that translate into real action and in the nation's interest. i thought the president the other day made a splendid speech after his victory over the republicans on the shutdown and the debt ceiling deal, i thought he said all of the right things, but i have heard him say the right things before and republicans say the right things. what do you think the odds are of this committee, supercommittee or the budget conference committee that results from a deal, what are the odds that you can get something done that will profoundly, significantly, meaningfully, stop government spending levels at this height and actually curtail deficits and subsequently debt. >> lou, i'm always an optimist on moving forward. the one thing that encourages me we have been able to work together on the weighs and means, with both of our counterparts in the house, the democrats, and our counterparts in the senate. we have been working toge
agree, we need to move forward and we need to look at what's best for this country and getting our deficit under control. so, we'll set those common principals and move forward. >> that translate into real action and in the nation's interest. i thought the president the other day made a splendid speech after his victory over the republicans on the shutdown and the debt ceiling deal, i thought he said all of the right things, but i have heard him say the right things before and republicans...
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Nov 4, 2013
11/13
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that would help the debt and the deficit. i would like to point out that to current number is close $7 trillion. it aloneot do effusively raise revenues by going back to those rates. we need growth and we need spending reduction. hoagland of the bipartisan policy center is talking about these budget talks that are happening on capitol hill. the headline of the washington post on the day that they met last week -- diminished expectations. we will talk for the next five to 10 minutes on the subject and take your calls. charlie is up from florida on our line for democrats. good morning. caller: how are you doing? for thea topic gentleman from the bipartisan center. i think bipartisanship is what we need. i would like to mention using the word balance. balance is needed. -- ihing that i do not have not heard yet, you talked about spending cuts and raising revenue if push comes to shove -- but the elephant in the room is the problem with wealth distribution in the country. you cannot have a good economy and half of the people do n
that would help the debt and the deficit. i would like to point out that to current number is close $7 trillion. it aloneot do effusively raise revenues by going back to those rates. we need growth and we need spending reduction. hoagland of the bipartisan policy center is talking about these budget talks that are happening on capitol hill. the headline of the washington post on the day that they met last week -- diminished expectations. we will talk for the next five to 10 minutes on the...
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Oct 30, 2013
10/13
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FOXNEWSW
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that it would actually reduce the deficit. that is one of the biggest whoppers among a bunch of lies, but the biggest whopper is president obama saying it would reduce the deficit. i think it will add trillions to the deficit. >> we have been following it. remember, they said it would be so easy to use. premiums would decrease. we know that is not true either. you can keep your doctor. if you like your plan you can keep your plan. it will only be $900 billion. tell me if i'm wrong in my analysis, senator. i see that the president pretty much had three options. once, this was the holy grail for the left for a long time. progressives have wanted this for a long time. but if they knew the truth about the effects, that it wouldn't garner enough votes in congress. so they had three choices, the first was to tell the truth and push for the program anyway, the second was to change the program and address the concerns, and the third would be to lie. >> i think as disengene disinge nicer way of saying a lie, they say if you're going to
that it would actually reduce the deficit. that is one of the biggest whoppers among a bunch of lies, but the biggest whopper is president obama saying it would reduce the deficit. i think it will add trillions to the deficit. >> we have been following it. remember, they said it would be so easy to use. premiums would decrease. we know that is not true either. you can keep your doctor. if you like your plan you can keep your plan. it will only be $900 billion. tell me if i'm wrong in my...
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Oct 29, 2013
10/13
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CNBC
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this bill does not reduce deficits. instead, this bill adds a new health care entitlement at a time when we had no idea to pay for the entitlements we already have. >> people who are paying premiums now are going to see rate shocks come into play, we have small business, ploy i don't see, looking to see how they are getting covered. it will be a real challenge, this administration. i think we got a lot of rom for improvement on that. >> at a time when the economy is barely eeking along, wages aren't increasing, new jobs aren't available. what are we doing? we are putting more costs and inconvenience on the american people. >> right now the ceo says up to 20 million people will lose their insurance as obama care goes into effect next year. likewise, a study of american businesses said 30% of them are anticipating dropping people from coverage. >> any insurance that you currently have would be grandfathered in so you could keep. >> jerry, just remember, it's not a lie if you believe it. at a ford dealer with a little q an
this bill does not reduce deficits. instead, this bill adds a new health care entitlement at a time when we had no idea to pay for the entitlements we already have. >> people who are paying premiums now are going to see rate shocks come into play, we have small business, ploy i don't see, looking to see how they are getting covered. it will be a real challenge, this administration. i think we got a lot of rom for improvement on that. >> at a time when the economy is barely eeking...
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Oct 31, 2013
10/13
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be proud, by the way, that we have cut the deficit in half in the last few years. we have more to go but we should take some credit for that. it is very important for us to remember how we got to where we are today, $17 trillion national debt and a $650 billion or so deficit. and i find it interesting that some of those people who are most active in causing the deficit are now standing up saying oh, i'm really worried about this deficit that i helped cause, and therefore we have to cut all these programs that all these working people and children and the elderly need. so let us take a brief look back into the recent past and find out how we got to where we are today and who voted for those programs. as i hope most americans know, in january, 2001, when president clinton left office and president bush took over, this country had a $236 billion surplus. $236 billion surplus. that is a quite large surplus. and what the congressional budget office projected is that the ten-year budget surplus would be a $5.6 trillion, it would be a huge increase in our budget surplus.
be proud, by the way, that we have cut the deficit in half in the last few years. we have more to go but we should take some credit for that. it is very important for us to remember how we got to where we are today, $17 trillion national debt and a $650 billion or so deficit. and i find it interesting that some of those people who are most active in causing the deficit are now standing up saying oh, i'm really worried about this deficit that i helped cause, and therefore we have to cut all...
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the republicans now want to talk about budgets and deficits rather than dealing with the fact that one year from this month we will have an election thatill answer a lot of the questions on policy in the country's direction. >> the flaws and obamacare are becoming evident. the republicans have not put enough investment in proposing a clear alternative that will actually help people lives. for example, medicaid is going to be horrible medicine for the people did get. lou: thank you for being with us. meeting with the united nations. he's n ♪ lou: the nfl blackout rules, my gosh, i am delighted to welcome to the broadcast tonight, a veteran sportscaster, fox news contributor, jim gray. great to see you. thank you for being with us. >> great to be with you teeseven let me start with this meeting of the issue of the redskins' name, whether are not the team name will survive all of this. your thought. >> well, the nfl did need a couple of others. the commissioner did not. the commissioner met with dan snyder a few days ago. the commissioner wants this all to go away, and it is not going t
the republicans now want to talk about budgets and deficits rather than dealing with the fact that one year from this month we will have an election thatill answer a lot of the questions on policy in the country's direction. >> the flaws and obamacare are becoming evident. the republicans have not put enough investment in proposing a clear alternative that will actually help people lives. for example, medicaid is going to be horrible medicine for the people did get. lou: thank you for...
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Oct 31, 2013
10/13
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government has a budget deficit below $1 trillion. that's good news. republicans refuse to admit president obama was able to cut the deficit in half and he's not the big spender, so-called conservatives have accused him of being. >> president obama called out for being a big spender. >> the budget of bush, they were both big spenders but obama was way more of a bigger spender. >> who was the bigger spender under president george bush? >> hang on. he's a big spender. and that to me is the heart and soul the argument against obama. >> new numbers show there was a comedy nation of more revenue and less spending leading to a gap of $680 billion. that's billion with a "b." it's the lowest level since the recession. now a bipartisan group of house and senate negotiators are working on writing the first overall budget blueprint since 2009. it all comes down to how they decide to generate revenue. and we know the republicans have said no new taxes and the democrats have said no, you're not getting the big three. let's sort it out. i'm joined by richard wolffe
government has a budget deficit below $1 trillion. that's good news. republicans refuse to admit president obama was able to cut the deficit in half and he's not the big spender, so-called conservatives have accused him of being. >> president obama called out for being a big spender. >> the budget of bush, they were both big spenders but obama was way more of a bigger spender. >> who was the bigger spender under president george bush? >> hang on. he's a big spender. and...
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Nov 3, 2013
11/13
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MSNBC
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there's been $2.4 trillion in deficit reduction. $600 billion of that has been from the expiration of the high-end bush tax cuts. $600 billion. $1.8 trillion have come from cuts. there's hardly any other place to go but nonetheless subject every federal dollar to scrutiny. cut where you can cut if it's d duplicative or whatever. do not say we're going to give tax breaks to the wealthy while it makes seniors may more for medicare as it voucherizes medicare. >> do you think in this process there'll be some flexibility on the sequester? i know there have been some who want to just do away with sequester. senator joe manchin and others are looking at can we have more flexibility. what's your position on that? >> if we have sequester we have to have the flexibility. and what senator manchin is putting forth is a reasonable proposal. but we would rather do away with sequestration. because it just cuts so much out of our investments for the future. you have to, as you subject each of these proposals to scrutiny, you have to say, are you saving money by cutting investments in education? you a
there's been $2.4 trillion in deficit reduction. $600 billion of that has been from the expiration of the high-end bush tax cuts. $600 billion. $1.8 trillion have come from cuts. there's hardly any other place to go but nonetheless subject every federal dollar to scrutiny. cut where you can cut if it's d duplicative or whatever. do not say we're going to give tax breaks to the wealthy while it makes seniors may more for medicare as it voucherizes medicare. >> do you think in this process...
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Nov 1, 2013
11/13
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MSNBC
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51% less than it was in 2009 when the deficit hit a record high of 1.4 trillion. in other news, syria has met a major deadline in the process of getting rid of its chemical weapons of mass destruction. the organization for the prohibition of chemical weapons says syria completed the functional destruction of critical equipment for all of its declared chemical weapons product facilities and fixing/filling plants rendering them inoperable. they said the remaining two sites were too dangerous to reach for inspection but chemical equipment had already been moved to other sites that experts visited. the next target date is november 15th when inspectors and syria must agree to a detailed plan of destruction including how and where to destroy more than 1,000 metric tons of toxic agents and munitions. joining me now, steve clemens, editor at large for "the atlantic" and richard wolffe" from msnbc.com. it turns out there's been some real progress. >> i think it was on your show that said if president obama could trade a messy war for getting syria to become part of the che
51% less than it was in 2009 when the deficit hit a record high of 1.4 trillion. in other news, syria has met a major deadline in the process of getting rid of its chemical weapons of mass destruction. the organization for the prohibition of chemical weapons says syria completed the functional destruction of critical equipment for all of its declared chemical weapons product facilities and fixing/filling plants rendering them inoperable. they said the remaining two sites were too dangerous to...
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Oct 29, 2013
10/13
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CSPAN
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adding to this sea of red trade deficit ink. we were told that america would actually level the playing field in the field of automotive trade if we passed the korean free trade deal. i didn't vote for it. but guess what? since the korean agreement took effect, u.s. exports of motor vehicles to korea have gone up monthly by, guess what? how much? 44 cars. 44 cars. that's it. at the same time, guess how many more cars the koreans are shipping in here? 20,000. . all told they have imported over a million cars to the united states. these really big bars here since the agreement took effect. meanwhile, we have only exported 34,000. 34,000. that's a 44: 1 advantage on korea's side. why model the new t.p.p. on that agreement? it isn't working. the sad thing is the american people have been told these same free trade agreements for the past century, past quarter centuries, all the lies contained in them have been a sea of red inc. that's costing s -- red ink that's costing us jobs. mr. speaker, it's time for congress to stop these bad
adding to this sea of red trade deficit ink. we were told that america would actually level the playing field in the field of automotive trade if we passed the korean free trade deal. i didn't vote for it. but guess what? since the korean agreement took effect, u.s. exports of motor vehicles to korea have gone up monthly by, guess what? how much? 44 cars. 44 cars. that's it. at the same time, guess how many more cars the koreans are shipping in here? 20,000. . all told they have imported over a...
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Oct 31, 2013
10/13
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MSNBC
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there's no need for a further deficit reduction. republicans don't want the tax increase. democrats don't want entitlement cut asks why would they get together to reduce the deficit? the one thing that's motivating toward a grand bargain is that democrats dislike the sequestration cuts and would like to unwind them, but i don't think they can reach a deal to unwind very much of them because they would have to -- in order to offset them they would have to raise taxes or cut entitlements and people if they hate the sequester, they don't hate the sequester to cut the entitlements. you might sell off federal-owned timberlands and raise fees and you wouldn't be able to unwind very much of the sequester. >> if briefly, if you can, congressman. i do hope we have a grand bargain and if it would seem to me that the private sector needs help in getting out of this recession. you talk about democrats, social security, medicare and all of that. we're talking about food stafrms, poor people and pain. we're not talking about reverends and rabbis. they can pray all they want and they've
there's no need for a further deficit reduction. republicans don't want the tax increase. democrats don't want entitlement cut asks why would they get together to reduce the deficit? the one thing that's motivating toward a grand bargain is that democrats dislike the sequestration cuts and would like to unwind them, but i don't think they can reach a deal to unwind very much of them because they would have to -- in order to offset them they would have to raise taxes or cut entitlements and...
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Nov 3, 2013
11/13
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and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it's becoming more expensive and more difficult to do business in other parts of the world, our economy is becoming more competitive and more attractive. business leaders from around the world tell me all the time that there's no other place where they would rather do business. on my very first trip as treasury secretary, i visited a plant in georgia and saw firsthand american workers producing electronic equipment that would be added to construction machinery for export to china. the plant is owned and operated by siemens, the german-based engineering company, and it's one of 130 facilities they run throughout the united states. siemens has invested more than $125 million in the united states over the past decade and invests about $1 billion every year in research here. when asked about it, they said, america produces better than anyone. the
and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it's becoming more expensive and more difficult to do business in other parts of the world, our economy is becoming more competitive and more attractive. business leaders from around the world tell me all the time that there's no other place where they would rather do business....
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Oct 28, 2013
10/13
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CNNW
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are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good program. >> without taking issue with the policies of iraq and afghanistan wars and medicare prescription drug benefit or the tax cuts, i think the question is how are they being paid for. >> well, what we tried very hard to do, first of all, i believe tax cuts are an appropriate part of the policy to achieve economic growth, that in fact there's jack kemp kind of republican i believe that important to leave as much as we can with the individual wage owner and business so that they can invest and create more jobs and that in and of itself creates more tax revenue down the road. so i'm not opposed to that proposition at all. >> what about paying for the wars, paying for the medicare prescription drug benefit? >> the wars were paid for. the funds were appropriated. >> all right. i want to move on. your daughter liz obviously is prima
are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good program. >> without taking issue with the policies of iraq and afghanistan wars and medicare prescription drug benefit or the tax cuts, i think the question is how are they being paid for. >> well, what we tried very hard to do, first of all, i believe tax...
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Oct 31, 2013
10/13
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MSNBC
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it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates including elizabeth warren. saying hillary runs, they won't. next up, 11 time 35 as in p.m
it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary...
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Oct 31, 2013
10/13
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KGO
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the treasury says the 2013 deficit is $680 billion. that is 51% less than the record $1.4 trillion deficit of 2009. still, this year's is the fifth-largest deficit ever. >>> and on this halloween morning, some good news for those who still might need a little bit of time to buy some candy for all of those trick-or-treaters coming to your door. the government says candy and chewing gum prices are nearly 2.5% lower this year compared to a year ago. so, no excuse not to have some goodies now. >>> a facebook executive is admitting the social network is seeing a popularity drop among a key demographic. the admission yesterday after the company reported strong earnings. the executive said facebook's daily use among young teenagers is down. that sent its shares into a tailspin in after-hours trading. >>> mcdonald's teaming up with kraft foods. they're joining forces to test mccafe coffees in the grocery stores and other retail locations in several cities next year. whole bean and ground coffee as well as single-cup options will be offered. >>
the treasury says the 2013 deficit is $680 billion. that is 51% less than the record $1.4 trillion deficit of 2009. still, this year's is the fifth-largest deficit ever. >>> and on this halloween morning, some good news for those who still might need a little bit of time to buy some candy for all of those trick-or-treaters coming to your door. the government says candy and chewing gum prices are nearly 2.5% lower this year compared to a year ago. so, no excuse not to have some goodies...
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Nov 5, 2013
11/13
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FOXNEWSW
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this isn't deficit neutral. we are adding trillions in expenses to the deficit. >> given how much it's going up. >> number one it's not even possible you could know it will add trillions to the deficit. >> that's what the gao says. >> no, no. >> we know the cost according to the cbo. >> i won't tell you it won't happen. it's early to know. >> okay. >> that's a fair statement. >> rate shock is real. cancellation is real for some people. it's not real -- >> $2500 per savings per year. who said that? >> wasn't me. >> what we can say is the associated press -- >> so disarming when he laughs. i wish you were angry. it's a lie. >> it's serious, personal. this is an increased cost for me personally. i represent millions. the associated press is reporting already three and a half million at least received these letters. >> how much more do you pay? >> at least a couple thousand dollars per year. >> more. >> yes. >> i'm not receiving any better benefit. >> rick should subsidize you because he bought into the lie and you
this isn't deficit neutral. we are adding trillions in expenses to the deficit. >> given how much it's going up. >> number one it's not even possible you could know it will add trillions to the deficit. >> that's what the gao says. >> no, no. >> we know the cost according to the cbo. >> i won't tell you it won't happen. it's early to know. >> okay. >> that's a fair statement. >> rate shock is real. cancellation is real for some people. it's...